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Litecoin Stock Quote

Litecoin (CRYPTO: LTC)

Price as of June 17, 2024, 7:35 a.m. ET

Litecoin Return vs. S&P

1 Year 5 Year 5 Year Annualized Since IPO
LTC +2.72% -41.58% -10.19% +2,532%
S&P +22.72% +88.14% +13.46% +210%

Litecoin Company Info

Litecoin (LTC) is a digital currency designed for fast, low-cost payments over the internet. Created by Charlie Lee in 2011 as an alternative to Bitcoin, it offers improved transaction times and a higher maximum supply, using a different algorithm (scrypt) for mining. Litecoin facilitates peer-to-peer transactions without a central authority, making it suitable for a wide range of financial activities, from everyday purchases to trading and investment. Its creation by a former Google engineer aimed to address and improve upon some of Bitcoin's limitations, establishing Litecoin as a practical complement to Bitcoin in the digital currency ecosystem.

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